GRI General Standard Disclosures: G4-34, G4-40, G4-51, G4-56, G4-57, G4-58 GRI Specific Indicators: G4-SO4 TORONTO HYDRO 2014 CORPORATE RESPONSIBILITY REPORT 75 INTRODUCTION MATERIALITY AND STAKEHOLDER ENGAGEMENT OUR WORKFORCE SUSTAINABLE BUSINESS AND OPERATIONS OUR ENVIRONMENTAL FOOTPRINT SUPPORTING OUR COMMUNITY GOVERNANCE AND ETHICS G4-56 Corporate mission and values, codes of conduct and principles The Corporation’s vision is to “continuously maximize customer and stakeholders’ satisfaction by being safe, reliable and environmentally responsible at optimal costs.” The Corporation has an ERM framework that helps determine whether Toronto Hydro Corporation is well positioned to achieve its strategic objectives. The ERM framework provides a consistent, disciplined methodology for controlling risk by identifying, assessing, managing, monitoring and reporting risks to Toronto Hydro Corporation. The Corporation is focused on the following four strategic pillars: People — The Corporation aims to maintain an engaged, healthy, productive and safe workforce to meet changing business requirements, as it strives to: • Provide a healthy and safe workplace • Develop a skilled and knowledgeable workforce • Keep its workforce engaged Toronto Hydro Corporation will continue to strengthen its already strong safety culture through various internal initiatives in order to achieve world-class results. The Corporation is committed to employee safety and will remain persistent in its efforts to mitigate the risk of injury to its workforce. This will be accomplished through ongoing safety inspections, audits, annual policy reviews and the continuation of safety programs and standards. Toronto Hydro Corporation will continue to use the internal responsibility system to reinforce the importance of safety in the workplace. Financial — Toronto Hydro Corporation aims to meet the financial objectives of its shareholder, as it strives to: • Provide a fair return to the shareholder • Continue to increase shareholder value The Corporation has provided its shareholder with an annual increase in economic value over the last decade. To meet the financial objectives of the shareholder, Toronto Hydro Corporation seeks to increase shareholder value and is committed to providing a fair return to its shareholder in the future. Along with excellence in corporate financing and financial management, the Corporation will strive to maintain a strong credit rating.
Toronto Hydro 2014 CR Report_FINAL
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